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Buy Marico, price target Rs 400: Gaurav Bissa

Gaurav Bissa of LKP Securities has a buy call on Marico Ltd. with a target price of Rs 400.0 . The current price of Marico Ltd. is Rs 348.15 . Gaurav Bissa recommended to keep a stoploss at Rs 328 .

Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 44621.49 Crore) operating in FMCG sector.

Marico Ltd. key Products/Revenue Segments include Edible Oil which contributed Rs 3750.00 Crore to Sales Value (62.80 % of Total Sales), Hair Oil which contributed Rs 1464.00 Crore to Sales Value (24.51 % of Total Sales), Personal Care which contributed Rs 372.00 Crore to Sales Value (6.23 % of Total Sales), Others which contributed Rs 326.00 Crore to Sales Value (5.45 % of Total Sales), Export Incentives which contributed Rs 50.00 Crore to Sales Value (0.83 % of Total Sales), Scrap which contributed Rs 9.00 Crore to Sales Value (0.15 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1829.00 Crore, down -15.56 % from last quarter Sales of Rs 2166.00 Crore and down -.43 % from last year same quarter Sales of Rs 1836.82 Crore Company has reported net profit after tax of Rs 252.00 Crore in latest quarter.

The company’s top management includes Mr.Ananth Sankaranarayanan, Mr.B S Nagesh, Mr.Harsh Mariwala, Mr.Nikhil Khattau, Mr.Rajeev Bakshi, Mr.Rajen Mariwala, Mr.Rishabh Mariwala, Mr.Saugata Gupta, Ms.Hema Ravichandar. Company has B S R & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 1,290,944,398 shares outstanding.
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